The Route Mobile IPO will take place on September 9, 2020, and will conclude on September 11, 2020. The company is headquartered in Mumbai. They intend to make approximately Rs 600 crore through a fresh offering and offer for sale. Route Mobile, a leading cloud-communication platform service provider, was founded in 2004 and today serves clients through 19+ locations in Africa, Asia Pacific, Europe, the Middle East, and North America.
The company has an excellent reputation as one of the premier cloud-communication platform service providers to companies, OTT players, and mobile network operators. The IPO offer consists of a Rs 3500 million fresh issue and an offer for sale by promoters of up to 6,500,000 equity shares for up to Rs. [*] crores (the fresh issue). The lead managers for this IPO are IDBI Capital Market Services, Motilal Oswal Investment Advisors, and Yes Securities. Route Mobile operates in three primary business verticals: enterprise and OTT, mobile operator, BPO, and other
services. With over 24500 clients, 800 network operators, and 7 data centres. The Route Mobile IPO date has not yet been published, however we have included a tentative date. Check out the Route Mobile IPO dates, pricing range, and more.
Equity Shares outstanding prior to the Issue = 5,00,00,000 Shares
Fresh Issue of 68,57,142 Shares @350/- = Rs.240.00Crs
Offer for Sale of 1,02,85,714 Shares @350/- = Rs.360Crs
Equity Shares outstanding after the Issue = 5,68,57,142 Shares
Category-wise Break up:
- Anchor – 51,42,857 Shares = 180.00Crs
- QIB – 34,28,571 Shares = 120.00Crs
- NII – 25,71,428 Shares = 90.00Crs
- RII – 60,00,000 Shares = 210.00Crs (Lot size: 42 = 1,42,857 Forms)
- Total Issue – 1,71,42,856 Shares = 600.00Crs.
Subscription required for 1X
- RII = 1,42,857 Forms
- NII = 90.00 Crs
Route Mobile IPO GMP, Dates & Price Band: (Tentative)
| IPO Open: | 9 September 2020 |
| IPO Close: | 11 September 2020 |
| IPO Size: | Approx ₹600 Crores (Approx) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹345 – ₹350 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 1,71,42,856 Shares |
| Discount: | N/A |
Route Mobile IPO Market Lot:
| Lot Size: | Minimum 40 Shares & Maximum 560 Shares |
| Minimum Amount: | ₹14,000 |
| Maximum Amount: | ₹196,000 |
Route Mobile IPO Review:
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Brokerage Firm IPO Review:
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- Religare: Subscribe for Long Term
Route Mobile IPO Allotment & Listing:
| Basis of Allotment: | 16 September 2020 |
| Refunds: | 17 September 2020 |
| Credit to Demat Account: | 18 September 2020 |
| Listing Date: | 21 September 2020 |
Route Mobile IPO Form:
How to apply the Route Mobile IPO? –> You can apply Route Mobile IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Route Mobile IPO in the Invest section. The other option you can apply Route Mobile IPO via IPO forms download via NSE and BSE. Check out the Route Mobile IPO forms.
Route Mobile Financial:
| ₹ in Crore | Revenue | Expense | PAT |
|---|---|---|---|
| 2017 | – | – | – |
| 2018 | 510 | 453 | 49.50 |
| 2019 | 852 | 787 | 58.80 |
| 2020 | 968 | 884 | 74.80 |
| 2021 Q1 | 312 | 279 | 26.50 |
Company Promoters:
- Sandipkumar Gupta
- Rajdipkumar Gupta
Route Mobile IPO Registrar:
KFintech Private Limited
Selenium Tower B, Plot 31-32
Gachibowli, Financial District, Nanakramguda
Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Investor grievance Email: [email protected]
Website: https://www.karisma.karvy.com
Contact Person: M Murali Krishna
SEBI Registration No: INR000000221
Company Address:
ROUTE MOBILE LIMITED
Registered Office: 4th Dimension,
3rd Floor, Mind Space, Malad (West),
Mumbai 400 064, Maharashtra, India.
Contact Person: Pratik Joshi,
Company Secretary and Compliance Officer,
Telephone: +91 22 4033 7676;
Fax: + 91 22 4033 7650
E-mail: [email protected];
Website: https://www.routemobile.com
Corporate Identity Number: U72900MH2004PLC146323
OUR PROMOTERS: SANDIPKUMAR GUPTA AND RAJDIPKUMAR
Route Mobile IPO Lead Managers:
- Motilal Oswal Investment Advisors Limited
- IDBI Capital Markets & Securities Limited
- YES Securities (India) Limited
Route Mobile IPO FAQs:
Q1. When Route Mobile IPO will open for Anchor Investors?
Ans. The Anchor Investors bidding is on 08 September 2020.
Q2. When Route Mobile IPO will open for QIB, NII, and Retail?
Ans. The IPO to open on 09 September 2020 for QIB, NII, and Retail Investors.
Q3. What is Route Mobile IPO Investors Portion?
Ans. The investors’ portion for QIB-50%, NII-15%, and Retail-35%.
Q4. How to Apply the Route Mobile IPO?
Ans. You can apply Route Mobile IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. What is Route Mobile IPO Allotment Date?
Ans. Route Mobile IPO allotment date is 16 September 2020. You can check IPO allotment here.
Q6. What is Route Mobile IPO Size?
Ans. Route Mobile IPO size is Rs 600 crore.
Q7. What is Route Mobile IPO Listing Date?
Ans. Route Mobile IPO listing date is 21 September 2020. The IPO to list on NSE and BSE.
